(PTI) Promoter group entities will not be required to make an open offer if there is no change in control of the company due to transfer of shares among them, according to Sebi. The market regulator’s view has come on an application filed by one of realty major DLF’s promoter entity — Rajdhani Investments & Agencies Pvt Ltd — seeking informal guidance with respect to applicability of takeover norms for the merger of 10 promoter group companies into it. While Sebi issued the informal guidance in March this year on DLF’s application filed in November 2016, the same was made public only…
Author: Aruna Sharma
(AU) आरक्षण की मांग को लेकर शुक्रवार सुबह उग्र हुए भरतपुर और धौलपुर के जाट शाम से वार्ताओं का दौर शुरू होते ही नरम पड़ गए हैं। आंदोलनकारियों ने ट्रैक व सड़कों से हटना शुरू कर दिया है। जानकारी के अनुसार पहले दौर की वार्ता समाप्त होने और दूसरे दौर की वार्ता शुरू होने के साथ ही बांदीकुई-आगरा ट्रैक से जाट आंदोलनकारी हट गए। रेलवे के अनुसार इस ट्रैक की जांच शुरू कर दी है और शीघ्र ही ट्रेनों का संचालन शुरू हो जाएगा। जाट आरक्षण आंदोलन कांग्रेस विधायक विश्वेंद्र सिंह के नेतृत्व में हो रहा है। वार्ता में अधिकारियों ने…
Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, interacted with the Electricity Regulators during the 60th Meeting of the Forum of Regulators (FoR) here today. In his address, Shri Goyal reiterated that while the Forum is a recommendatory body, it is incumbent upon the regulators to implement its recommendations in true spirit. For instance, the Forum has made salutary recommendations on RPO compliance including the need and framework of penalty for non-compliance of RPO. Model framework for energy accounting and settlement – which is the basic building block for energy transaction,…
A Corporate Meet was conducted at Bhubaneswar,Odisha today by Pension Fund Regulatory and Development Authority (PFRDA) in association with FICCI, Odisha State Council to promote NPS among the corporates. PFRDA has been conducting NPS workshops at various locations across the country. Shri A. G. Das, Chief General Manager, PFRDA addressed the participants and briefed the contours of NPS for Old age income security. He informed that in the changing demographic status of the country, pension is one of the most important factor to be considered by everyone. National Pension System (NPS) promoted by Government provides the platform to every segment…
(FE) Prime Minister Narendra Modi will start his three-nation visit to Portugal, the US and the Netherlands from tomorrow. He will be in Portugal on Saturday and in the US on Sunday and Monday. PM Modi will meet US President Donald Trump on Monday (June 26) for the first bilateral talks between the two leaders. A day after meeting US President Donald Trump, PM Modi will be visiting the Netherlands on June 27. “I will be visiting the Netherlands on 27 June 2017. We are celebrating 70 years of the establishment of Indo-Dutch diplomatic relations this year,” PM Modi said…
(Eastern Mirror) Altogether 16,000 women have been selected as beneficiaries of the Pradhan Mantri Ujjwala Yojana (PMUY) in Sonitpur district of Assam. The welfare programme of PMUY aims to safeguard the health of women and children by providing them with a clean cooking fuel. Tezpur Lok Sabha MP R P Sharma today distributed gas cylinders to 21 women at a function organised under the aegis of the district administration and the Indian Oil Corporation (IOC). The scheme introduced by Prime Minister Narendra Modi was beneficial for the poor, especially women, Sharma said on the occasion. IOC area manager Gajen Pathak…
(ET) Reliance Industries and partner BP have withdrawn the gas price-related arbitration against the government, paving the way for the companies to claim the premium price for output from deep-sea fields in which they plan to invest Rs 40,000 crore. This is the second case of arbitration that RILBSE 1.06 % and BP have withdrawn, sending another strong signal that the relationship between the oil ministry and RIL, which had become acrimonious during the UPA regime, has normalised enough for the partners to turn their attention from litigation to investment. Last week, RIL chairman Mukesh Ambani and BP Plc CEO…
(AU) प्रधानमंत्री नरेंद्र मोदी और अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप की पहली मुलाकात बेहतर साबित होगी इस बात के संकेत अमेरिका ने दे दिए हैं। मोदी की वाशिंगटन यात्रा से महज तीन दिन पहले अमेरिका ने भारत को 22 गार्जियन ड्रोन की बिक्री को मंजूरी दे दी है। यह सौदा दो से तीन अरब डॉलर का होगा। यह ऐसी पहली डील है, जो अमेरिका ने किसी गैर नाटो सदस्य देश के साथ की है। प्रधानमंत्री की वाशिंगटन यात्रा से पहले इस सौदे की मंजूरी को द्विपक्षीय संबंधों को मजबूती देने की दृष्टि से बड़ा फैसला वाला माना जा रहा है। सरकारी…
NDA candidate Ram Nath Kovind, who was chosen by BJP for the post of President of India, will file his nomination papers in presence of Prime Minister Narendra Modi today. It has learned that occasion will showcase the unity among National Democratic Alliance (NDA) parties as chief ministers of ruling coalition at the Centre will also attend the event, according to PTI report. The presidential polls will witness a Dalit versus Dalit as 17 Opposition parties yesterday had announced that former Lok Sabha Speaker and senior Congress leader Meira Kumar will be their candidate against Kovind. NDA’s constituents have over…
(FE) Russia’s largest oil producer Rosneft’s $13 billion buyout of the single-largest controlling stake in India’s Essar Oil is sure to give it a strong foothold and a head start in the world’s fastest growing major economy’s vast and rapidly expanding retail fuel market, which is cheering the recent implementation of daily revision in petrol and diesel prices. State-run oil exploration and production company Rosneft said on Thursday that it has completed its delayed takeover of a 49% equity stake in the private oil refining and marketing Essar Oil for $13 billion, or about Rs 84,000 crore, closing a deal…